a sum of money invested for 3years at particular rate of intrest. if rate of intrest were 3 percent per annum higher it intrest would be 1467 more find sum of money
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Answer:
Time = 3 years
Rate = 3 %
Simple interest = ₹ 1467
S. I= P× R ×T ÷ 100
1467=P ×3×3 ÷ 100
1467×100÷3×3 = P
After cutting =
163 × 100= P
P= ₹16300
Answer = Sum of money = ₹ 16300
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